The budding BSC protocol is focusing on developing a more whimsical approach to blockchain trading.
BabySwap Has Big Goals
This July, Binance Smart Chain (BSC) project BabySwap surprised investors with its sudden rise. At the beginning of August, the platform announced its first IDO Initial DEX Offering (IDO) is at the doorstep. BabySwap seeks to bring Decentralized Exchanges (DEXes) to another level.
Toy Doge Coin will be BabySwap’s first IDO on August11th. For investors, it’s a great opportunity to get token shares at the initial price.
According to BabySwap’s Medium, the details of Toy Doge Coin IDO are as follow:
Token Name: TOYDOGE
Total Supply: 1,000,000,000,000,000 TOYDOGE
Contract address: 0x6205eBd05dE85430b7B54E662d2dCB3bA53b12b6
IDO Amount: 500,000,000,000,000 TOYDOGE
IDO Supported Token: USDT
IDO Price: 1 USDT = 10,000,000,000 TOYDOGE
Hardcap: 50,000 USDT
Maximum to participate per address: 100 USDT
Starting Time: Around August 11th at 11:00 AM UTC (Block height: 9934625, approximately)
Ending Time: Around August 11th at 12:00 PM UTC (Block height: 9935786, approximately)
If the final raised amount is over 50,000 USDT, the share you get will be reduced proportionally, and you can claim the unspent USDT after IDO.
Thus, in brief, investors need to prepare a BSC wallet and 100 USDT for the IDO. According to experience, it’s likely to be over the hard cap, so that each address’s token shares will shrink accordingly. It is recommended to prepare several addresses and claim 100 USDT for each address in order to add up the token shares you earn. Meanwhile, an instant buy after the liquidity is added is another way to get cheaper tokens.
Why Toy Doge Coin?
Many see Toy Doge Coin as another meme coin trying to get on the high-speed train of the Doge meme family at first glance. In order to assure investors, BabySwap confirmed they have fully vetted the legitimacy of the project..
After reading through the Whitepaper of Toy Doge Coin, it is more clear why BabySwap has chosen TOYDOGE.
The deflationary mechanism is the basis of price pumping. There is a 12% fee on every transaction, with the following distribution: 5% to TOYDOGE holders, 5% to TOYDOGE-USDT liquidity on BabySwap, and 2% buyback to BABY and add BABY liquidity on BabySwap. As an investor, by knowing a 12% loss on each transaction, there is more discretion in transacting.
Holding is more profitable than selling since 5% of each transaction will be distributed to TOYDOGE holders. More buying than selling will result in a 50-100-times increase in the token market cap as well as the price. Compared to the market cap of other Dogecoin projects, ToyDoge has a high potential to grow.
Most importantly, the liquidity on BabySwap will be increased. At the same time, the BABY token price may also break its all-time high.
BabySwap has also leaked their GameFi video on Twitter, and Toy Doge is a part of the scene. It begs the question of whether Toy tokens can be a series, where all the Toy meme tokens can be added to BabySwap’s metaverse for better empowerment.
To learn more about Toy DogeCoin, check their official website.
Empowerment For BABY Token
Everything BabySwap has done is to empower the BABY token and achieve its own metaverse. BabySwap launched its website on June 1st, but the operation, marketing, and cooperation are quite advanced for their relative youth.
BabySwap is a DEX that focuses on Automated Market Making (AMM) and Non-Fungible-Tokens (NFTs) on BSC. In June, the team worked hard on the foundation of AMM to attract more investors to trade, stake, and hold. As a result people started to get familiar with BabySwap and hold the BABY tokens. In July, while the market was fluctuating, BabySwap introduced its Non-Fungible Babies (NFBs). During the NFB trending days, BabySwap has been the top seller on BSC for a whole month. An NFB with a $100 face value cant be sold for 10 BNB ($3,000). BabySwap was officially backed by Binance Smart Chain and successfully connected with several fascinating projects across different fields, including NFT, GameFi, DEX, CEX, Media, Database, Vaults, and more.
Then came August. Once the IDO announcement was out, the price of BABY pumped up 100%. Investors showed faith in BabySwap.
According to BabySwap‘s roadmap for August, besides IDO, Auto BABY Pool, Bottle, and other developments will be made this month. Whether you are using BabySwap to farm and trade or are a BABY holder, the continuous moves assure you of the confidence and enthusiasm of the BabySwap team.
DeFi users, GameFi, and NFT lovers can participate in BabySwap’s first IDO, as well as be a part of BabySwap’s ecosystem.
To learn more about BabySwap, visit the following links:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.